Irvine, CA

This loan is a second deed of trust on a single-family residence in Irvine, CA. Located in central Orange County, Irvine is known for its highly rated schools, strong employment base, master-planned communities, and convenient access to major business centers, shopping, and recreational amenities. The subject property is located in the desirable Woodbury Mille Fleurs community, known for its Mediterranean-inspired architecture, landscaped neighborhoods, and resort-style amenities. Built in 2007, the two-story Tuscan-Mediterranean residence offers approximately 3,494 square feet of living space with hardwood flooring, a spacious family room, and a gourmet kitchen featuring stainless-steel appliances, granite countertops, and a center island. Additional features include a private courtyard, separate guest casita with an en-suite bathroom, primary suite with dual walk-in closets, front balcony, rear patio, and attached two-car garage. Residents enjoy access to community pools, parks, playgrounds, and walking trails. The property has an appraised value of $2,615,000. The property is currently encumbered by a first mortgage with an outstanding principal balance of approximately $649,879. The new second-position loan will be $1,000,000, with a combined loan-to-value ratio of 63%. Upon maturity, the Borrower intends to sell the property and repay the loan in full. The loan will have a maturity of 12 months.